The best time to book a flight is generally one to two months out for domestic trips. For international flights, book six to eight months out for the best deals. However, there are many factors that can lead to an increase (or decrease) in the price of an airline ticket.
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Best Time To Book International FlightsAccording to a study conducted by Expedia, data shows that you want to book at least six months in advance for international travel. The study found you'll save an average of 10% by booking six months in advance instead of two months or less.
Domestic airline prices are on the decline in 2023, finally retreating after spiking just a year ago. International fares are still high. After soaring in 2022, prices for domestic airline tickets are on the descent.
Timing plays an important part. Specifically, plane tickets usually don't get cheaper closer to the departure date. Instead, flights tend to be the most inexpensive when you book between four months and three weeks before your departure date.
Average fares are currently 36% higher than they were 12 months ago. (Adjusting for inflation, airfare is up 24%.) In 2023, I expect that to reverse and year-over-year fares to fall.
Airfares have dropped from July to August by nearly 3%. Perhaps even more significant is the stark drop over the past year. August 2023 U.S. airfares averaged 13% lower than what they were in August 2022. Things get especially interesting when compared to pre-pandemic prices.
Holiday weekends are likely to remain more expensive, and high-demand routes can flex up and down depending on the season. And international ticket prices remain high. In its summer travel outlook published in May 2023, Hopper estimated flights from the US to Asia and Europe to be $300-$400 more this year than in 2022.
Wednesdays and Thursdays are the cheapest day to fly internationally. Meanwhile, international flyers would be wise to leave on Wednesdays, which are the cheapest day to depart for an international trip. That said, there isn't a huge difference in price across the different days of the week.
The cost of lodging away from home was 5% more in June 2023 versus June 2022, and up 15% since 2019. The cost of entertainment and dining out are also slowly increasing. According to NerdWallet's Travel Price Index, the overall cost of travel is up 14% compared with June 2019 and down 3% versus the same month in 2022.
On average, Sunday is the best day for savvy savers to book a flight, according to the experts, with seat prices usually at their lowest of the week. Conversely, plane tickets cost the most on Fridays, as interest in travel usually soars close to the weekend.
Now, the day of the week you choose to travel does make a difference in the best time to buy flights. In 2023, the cheapest day of the week to fly is Wednesday. Flying on Wednesday will save you almost $100 versus Sunday – the most expensive day to fly.
As travel restrictions and Covid testing become a thing of the past, research reveals that 73% of people are more optimistic about travel than they were in 2022.
Despite the challenges that came with traveling last year, Americans still intend to travel in 2023. A resounding 87% of survey respondents expect to travel at least as much as they did in the prior year, with 49% selecting that they expect to travel more.
In response, on May 8, 2023, the Biden administration proposed new rules that would require airlines to compensate passengers whose flights are canceled or significantly delayed because of causes – unlike bad weather – that are under the control of the airlines.
Generally, you should book domestic flights one to four months in advance. For international flights, you should book at least six months in advance. You'll want to give yourself more time for research for the latter than when traveling on domestic itineraries.
Wednesdays and Thursdays are the cheapest day to fly internationally. Meanwhile, international flyers would be wise to leave on Wednesdays, which are the cheapest day to depart for an international trip. That said, there isn't a huge difference in price across the different days of the week.